XML 34 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 16 - Industry Segment Information
9 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
16)
     Industry Segment Information
 
The Company has determined that it has
five
reportable segments organized around the types of product sold:
 
Food Service Equipment – an aggregation of
eight
operating segments that manufacture and sell commercial food service equipment;
Engraving – provides mold texturizing, slush molding tools, project management and design services, roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machinery for a number of industries;
Engineering Technologies – provides net and near net formed single-source customized solutions in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets.
Electronics – manufacturing and selling of electronic components for applications throughout the end-user market spectrum; and
Hydraulics – manufacturing and selling of single and double-acting telescopic and piston rod hydraulic cylinders.
 
Net sales and income from continuing operations by segment for the
three
and
nine
months ended
March
31,
2017
and
2016
were as follows (in thousands):
 
 
 
Three Months Ended
March
31,
 
 
 
Net Sales
 
 
Income from Operations
 
 
 
201
7
 
 
201
6
 
 
201
7
 
 
201
6
 
Segment:
                               
Food Service Equipment
  $
92,730
    $
87,944
    $
7,418
    $
8,455
 
Engraving
   
25,492
     
28,560
     
6,003
     
5,305
 
Engineering Technologies
   
23,678
     
19,358
     
2,442
     
1,744
 
Electronics
   
32,308
     
29,909
     
6,499
     
5,263
 
Hydraulics
   
10,507
     
11,694
     
1,674
     
2,007
 
Restructuring costs
   
 
     
 
     
(1,019
)    
(391
)
Acquisition-related costs
   
 
     
 
     
(5,422
)    
-
 
Corporate
   
 
     
 
     
(6,160
)    
(5,223
)
Sub-total
  $
184,715
    $
177,465
    $
11,435
    $
17,160
 
Interest expense
   
 
     
 
     
(953
)    
(807
)
Other non-operating income (expense)
   
 
     
 
     
52
     
(115
)
Income from continuing operations before income taxes    
 
     
 
    $
10,534
    $
16,238
 
 
 
 
Nine
Months Ended
March
31,
 
 
 
Net Sales
 
 
Income from Operations
 
 
 
201
7
 
 
201
6
 
 
201
7
 
 
201
6
 
Segment:
                               
Food Service Equipment
  $
277,582
    $
286,093
    $
24,112
    $
29,183
 
Engraving
   
78,084
     
94,016
     
19,910
     
22,655
 
Engineering Technologies
   
60,948
     
58,780
     
5,815
     
4,512
 
Electronics
   
91,455
     
86,245
     
19,064
     
15,338
 
Hydraulics
   
30,100
     
32,677
     
4,782
     
5,502
 
Restructuring costs
   
 
     
 
     
(3,077
)    
(3,387
)
Acquisition-related costs
   
 
     
 
     
(6,925
)    
-
 
Corporate
   
 
     
 
     
(19,244
)    
(17,478
)
Sub-total
  $
538,169
    $
557,811
    $
44,437
    $
56,325
 
Interest expense
   
 
     
 
     
(2,499
)    
(2,182
)
Other non-operating income
   
 
     
 
     
819
     
369
 
Income from continuing operations before income taxes    
 
     
 
    $
42,757
    $
54,512
 
 
Net sales include only transactions with unaffiliated customers and include no intersegment sales. Income from operations by segment excludes interest expense and other non-operating income.
 
The Company’s identifiable assets at
March
31,
2017
and
June
30,
2016
are as follows (in thousands):
 
 
 
March 31, 2017
 
 
June 30, 201
6 *
 
Food Service Equipment
  $
233,667
    $
206,875
 
Engraving
   
107,664
     
117,026
 
Engineering Technologies
   
146,982
     
147,866
 
Electronics
   
283,904
     
114,001
 
Hydraulics
   
19,515
     
19,084
 
Corporate & Other
   
56,244
     
85,605
 
Total
  $
847,976
    $
690,457
 
 
* The identified assets as of
June
30,
2016
for certain segments have been revised from amounts previously reported due to certain immaterial allocation differences.